Binance US Restores USD Withdrawals, Suggests Users Withdraw or Spend Their Dollars
The U.S. subsidiary of the world’s largest crypto exchange, Binance, announced it has resolved the issues with U.S. dollar (USD) withdrawals. The trading platform, which recently averted an asset freeze sought by the United States Securities…
Institutional Interest Fuels Crypto Rally as Market Adds $110 Billion in 7 Days
During the past week, crypto assets increased in value by 9.62%, rising from $1.10 trillion to the current $1.21 trillion. Apart from the listed stablecoins, the top 20 crypto assets by market capitalization all experienced gains this week, as $110…
Robert F. Kennedy Jr. Advocates for Bitcoin and Opposes CBDCs in Candid Interview
U.S. presidential candidate Robert F. Kennedy Jr. spoke in an interview with the New York Post on June 22, 2023, and discussed a wide range of topics, including vaccines and bitcoin. Kennedy stated that if he becomes president, he will ensure that…
Bitcoin consolidated around the $30,000 level on Friday, as traders attempted to maintain bullish sentiment following recent gains. The world’s largest cryptocurrency briefly dropped below this point earlier in the day, before bulls swept in…
Lawyer Seeks Reopening of Onecoin Case in Bulgaria, Seizure of Assets
A lawyer representing Onecoin victims has urged Bulgarian authorities to reopen an investigation into the crypto pyramid scheme and seize assets to compensate his clients. The attorney is asking officials in Sofia to take into account developments…
Securing Web3 With Zero Trust: Empowering Data, Smart Contracts, and AI on the Blockchain With Mind Network
In the rapidly evolving world of Web3, where data security and privacy are paramount, innovative solutions are needed to protect sensitive information and establish trust within the decentralized ecosystem. This sponsored article delves into the…
Study: Crypto Adoption More Significant in Poorer African Countries
While as much as 66% of surveyed African residents claimed to have been exposed to digital assets like bitcoin, about 82% of respondents said they have never owned crypto. The findings of the survey study suggest that the adoption of crypto is more…
JPMorgan Managing Director Nikolaos Panigirtzoglou: Hinman Docs Are a ‘Boost to Ethereum’
Nikolaos Panigirtzoglou, a managing director at JPMorgan, believes the release of the Hinman docs in the Ripple vs. SEC case will influence crypto regulation. Panigirtzoglou stated this document release is likely to start a race for other…
Crypto Firms Face Turmoil as Prime Trust Fallout Causes Service Disruptions and Concerns
After the Bitgo acquisition deal to purchase Prime Trust fell through, it seems that crypto firms that have worked with the custodian are experiencing problems. On Thursday, Seattle-based fintech startup Stably announced the need to…
IMF Economists Say Countries Should Address Crypto Demand Drivers Instead of Banning
The International Monetary Fund’s (IMF) economists have cautioned that banning cryptocurrency “may not be effective in the long run.” Instead of outlawing crypto, they suggest countries should address “the drivers of crypto demand…
Russia Opposes French President Macron Attending BRICS Summit, Citing ‘Hostile and Unacceptable’ Policy Toward Moscow
The BRICS leaders’ summit will take place in a couple of months, and French President Emmanuel Macron has reportedly expressed interest in attending. However, Russia believes it would be “inappropriate” for the French president to…
Federal Reserve Chair Discusses De-Dollarization Threat, Risk of US Dollar Losing Reserve Currency Status
Federal Reserve Chairman Jerome Powell has discussed the threat of de-dollarization and the risk of the U.S. dollar losing its world’s reserve currency status. He believes that the USD hegemony is a consequence of America’s economic dominance. Fed…
Binance Launches Regulated Crypto Exchange in Kazakhstan
Licensed since last year, the world’s largest digital asset exchange, Binance, has now launched a trading platform in Kazakhstan. The move comes amid increased pressure from regulators in other jurisdictions, like the U.S., and after Binance’s…
Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions in the Backlog
With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to keep network transfer fees high, as the average fee to transact onchain is 0.00012 BTC or $3.54 per transaction. Moreover, since June 18, 2023, average fees…
Exploring Crypto Whale Concentration: Unveiling the Rich Lists of the Top 10 Cryptocurrencies
In the past ten years, a myriad of digital currencies have emerged alongside bitcoin, forming a cryptocurrency ecosystem now worth $1.2 trillion. Within this realm, enigmatic figures known as crypto whales have played a pivotal role in the…
Bitcoin.com News Is the Best Place to Advertise Your Crypto Project
If you are looking for a way to promote your crypto project to a large and engaged audience, you should first consider advertising on Bitcoin.com News. This is one of the leading sources of information and analysis on the cryptocurrency industry…
Bitgo Abandons Acquisition of Prime Trust Amidst Nevada-Based Custodian’s Ongoing Uncertainty
On June 22, 2023, Bitgo, a digital assets firm and crypto custodian, declared the termination of its planned acquisition of custodian Prime Trust. The company cited a “considerable effort” in attempting to chart a course for Prime…
While the crypto economy has reached a value of $1.2 trillion, meme coin markets have experienced substantial gains this week, with the top five meme tokens recording both 24-hour and seven-day gains. According to recent data, pepe is leading the…
Bitcoin, Ethereum Technical Analysis: BTC Above $30,000, ETH Hits $1,900 Following Moving Average ‘Death Cross’
Bitcoin extended recent gains on Thursday, climbing above the $30,000 level for the first time since April, and ahead of Fed Chair Powell’s testimony today. The move also came following a death cross of moving averages, which prompted bulls…
Custodia Bank Founder Caitlin Long: ‘The Fed Thinks Only Large Incumbents Should Service Crypto’
Caitlin Long, the founder of Custodia Bank, has railed against the favoritism that the Federal Reserve and the institutions of the U.S. financial system are supposedly showing to incumbents. According to Long, regulators have applied double…
Kyber Network Expands to zkSync Era: Deploying KyberSwap Aggregator and Classic Liquidity Protocols
Kyber Network, a pioneer in the decentralised finance (DeFI) space, is excited to announce the deployment of its flagship product, KyberSwap, on zkSync Era. The deployment of KyberSwap Aggregator and Classic Liquidity Protocols on zkSync marks the…
Binance US Market Share Shrinks Amid Legal Battle With SEC
The market share of the U.S. subsidiary of Binance has declined amid an ongoing crackdown by America’s securities regulator. According to new data, leading U.S. crypto exchange Coinbase, also sued by the Securities and Exchange Commission (SEC), is…
Balaji Srinivasan Highlights De-Dollarization Past of Biden’s Top Economist
Former Chief Tech Officer at Coinbase, Balaji Srinivasan, took to Twitter to remind his followers about Jared Bernstein’s earlier stance on de-dollarization. The angel investor sees logic in views that the new White House top economist has now…
Valkyrie Funds Joins Race for SEC Approval as It Files Application for Spot Bitcoin ETF
On Wednesday, Valkyrie Funds, a Tennessee-based asset manager offering a bitcoin futures exchange-traded fund (ETF), a defi fund, and a bitcoin mining industry ETF, filed with the U.S. Securities and Exchange Commission (SEC) for the launch of a…
HSBC, Mastercard File More Crypto-Related Trademark Applications
HSBC and Mastercard, two major players in the banking and payment industries, have submitted additional trademark applications related to cryptocurrencies with the United States Patent and Trademark Office (USPTO). Mastercard’s filing focuses…
Federal Reserve Chairman Says Crypto Appears to Have Staying Power in US Economy
Federal Reserve Chairman Jerome Powell has acknowledged that cryptocurrency appears to have staying power as an asset class in the U.S. economy. In addition, he stated that the central bank views payment stablecoins as a form of money, emphasizing…
Cleanspark Expands Bitcoin Operations With Acquisition of Georgia Facilities in All-Cash Deal
Cleanspark, a publicly listed bitcoin miner, has announced that it has entered into definitive agreements to acquire two turnkey bitcoin facilities in Dalton, Georgia. The deal will be an all-cash payment of $9.3 million and is expected to increase…
Gold to $2,100 — Investment Management Firm Says Gold to Be Key Instrument in New Financial Order
Central banks, particularly those in emerging economies, are ramping up their gold reserves in preparation for a new monetary regime, signaling a potential loss of reserve currency status for the U.S. dollar, according to the investment management…
Exploring the World of Rare Satoshis: Collectors Embrace the Value of Unique Bitcoin Artifacts
With 13 million Ordinal inscriptions linked to the Bitcoin blockchain, enthusiasts have turned their attention to a distinct digital artifact subject known as “rare satoshis” or “satributes.” The latest trend involves…
Fed Chair Powell Signals More Rate Hikes This Year as Taming Inflation Has ‘Long Way to Go’
Federal Reserve Chairman Jerome Powell has signaled more interest rate hikes this year. “Given how far we’ve come, it may make sense to move rates higher but to do so at a more moderate pace,” the Fed chair told U.S. lawmakers. “Inflation pressure
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